Jane Cai in Beijing

Latest from Jane Cai in Beijing

Attractive returns on wealth management products reflect liquidity squeeze

Bank accountant Amanda Li is counting down to annual bonus day. She said the 50,000 yuan (HK$63,400) she expects to receive could earn 750 yuan in interest for a three-month investment in a wealth management product (WMP) - a 6 per cent annualised return that she could use to buy herself a pair of boots.

3 Jan 2014 - 1:31AM

Bank accountant Amanda Li is counting down to annual bonus day. She said the 50,000 yuan (HK$63,400) she expects to receive could earn 750 yuan in interest for a three-month investment in a wealth management product (WMP) - a 6 per cent annualised return that she could use to buy herself a pair of boots.

Attractive returns on wealth management products reflect liquidity squeeze
Local government debt signals rising risks in Chinese financial system

Mainland local government debt had swollen to 17.9 trillion yuan (HK$22.7 trillion) by the middle of this year, according to the National Audit Office (NAO).

1 Jan 2014 - 6:25PM

Mainland local government debt had swollen to 17.9 trillion yuan (HK$22.7 trillion) by the middle of this year, according to the National Audit Office (NAO).

Local government debt signals rising risks in Chinese financial system